| A | B |
|---|
| Total Earnings | Salary Expense Debit |
| Net Pay | Cash Credit |
| Payroll Tax Expense | FICA, Unemp. Tax - Fed, Unemp. Tax - State |
| FICA Tax | Tax paid by both employee and employer |
| Employee Income Tax Payable | Account title to journalize Federal Income Tax Withheld |
| Employee Earnings Record | Reports employee's accumulated earnings |
| Form W2 | Reports employee's earnings for entire year |
| Total Earnings | Total pay due for a pay period before deductions |
| Pay Period | The period covered by a salary payment |
| Net Pay | Total earnings paid to an employee after deductions |
